Blackstone Credit & Insurance served as lead arranger and lead structuring agent. Proceeds of the additional delayed draw term loans may only be used to repay the company’s outstanding convertible senior notes due in 2026. Dropbox, Inc. also announced a new share repurchase authorisation for the purchase of an additional US$1.5 billion of its Class A common stock.

Our team supported Latham & Watkins LLP in representing Blackstone Credit & Insurance in the financing. The team was led by Kevin Lynch (Partner, Debt Finance) and included Seán Farrell (Associate, Debt Finance) and Mary-Elizabeth Hayes (Associate, Debt Finance).

For more, please visit the Latham & Watkins LLP website: Latham Represents Blackstone Credit Insurance in US700 Million Financing for Dropbox